Drilling Tools International Corp reports results for the quarter ended September 30 - Earnings Summary

Drilling Tools International

14/11/2024 21:04

* Drilling Tools International Corp  DTI.OQ  reported
quarterly
adjusted earnings of 3 cents​​ per share for the quarter ended
September 30.  The mean expectation of two analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 4 cents to 11 cents per share.
    * Revenue was $40.09 million​; analysts expected $42.03
million. 
    * Drilling Tools International Corp's reported EPS for the
quarter
was 3 cents​.
    * The company reported quarterly net income of $867
thousand.
    * Drilling Tools International Corp shares had fallen
by 6.7% this
quarter and gained 8.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 25% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is  "hold."

Wall Street's median 12-month price target for Drilling Tools
International Corp is $7.50 
This summary was machine generated from LSEG data November 14 at
09:04 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.08           0.03           Missed
 Jun. 30 2024      0.11           0.01           Missed